Knuedge / Knu Verse Marketing Plan
Marketing Mix
Product
Product strategies play a significant role as product offering gives a fundamental reason as to why the consumers ought to select the company compared to rival companies. These encompass the consumer preferences from the product offering and the needs it satisfies (Ferrell and Hartline, 2014). The product offerings from Knuverse are easy yet powerful, secure yet integratable as well as accurate yet flexible. In particular, the products offered by the company are built on voice technologies that are relied upon by the most demanding military consumers (Knuverse Website, 2016).
Pricing
Pricing strategies play a pivotal role in the marketing mix taking into account that, ultimately, this accounts for the revenue generated by the firm. Therefore, in the end, pricing can influence a business' success or sinking. More so, pricing is not a sole idea but rather a manifold one with various implications for the manufacturer, the intermediate, and the end-user consumer (Kotler et al., 2009). A key strategy used by Knuverse is competition pricing. In the contemporary, companies in the technological realm are facing a great deal of competition, particularly with the advancement of technology. Fundamentally, Knuverse has to ensure that the pricing of its products is competitive with respect to rival firms in the marketplace. Bearing in mind that the product offering has distinctive features, this will make the company become largely competitive. What is more, this will serve as an entreaty to entice more consumers. Nevertheless, the company will be ardent on making certain that its product...
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